Comcast (CMCSA) had another strong quarter in Q1 2019. The company continues to experience strong growth in its cable segment thanks to strong subscribers add and EBITDA margin expansion. Looking forward, we believe there is still a long runway of growth in its high-speed Internet business. In addition, Comcast’s balance sheet continues to improve with its net debt to EBITDA ratio declining to 3.2x in Q1 2019 from the high of 3.5x at the closing of its Sky acquisition. Comcast’s shares are currently trading at a discount to its peers. We believe the company is a good investment choice for dividend growth investors with a long-term investment horizon.

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